J. W. Coons Advisors LLC Purchases New Position in Kinder Morgan, Inc. (NYSE:KMI)

J. W. Coons Advisors LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, HoldingsChannel reports. The institutional investor acquired 9,590 shares of the pipeline company’s stock, valued at approximately $212,000.

Several other hedge funds have also modified their holdings of KMI. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan in the third quarter worth $28,000. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan in the 1st quarter worth about $30,000. HWG Holdings LP purchased a new stake in shares of Kinder Morgan during the 2nd quarter valued at about $30,000. Planning Capital Management Corp lifted its holdings in shares of Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 797 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in Kinder Morgan in the second quarter worth about $31,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 1.9 %

Shares of NYSE:KMI opened at $27.27 on Monday. The business’s 50 day moving average is $23.84 and its 200 day moving average is $21.50. The stock has a market cap of $60.58 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 3.75 and a beta of 0.91. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $27.58. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.22%. Kinder Morgan’s payout ratio is presently 100.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KMI shares. The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Stifel Nicolaus raised their price target on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Royal Bank of Canada raised their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, UBS Group upped their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a report on Friday. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.36.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the sale, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.